Blue Lobster Capital Limited, 3284906 Nova Scotia Limited, 3343533 Nova Scotia Limited and 4318682 Nova Scotia Limited
- Proceeding
- CCAAs. 11 of the CCAA
- File
- Hfx. No. 538745
- Industry
- Manufacturing · Food & beverage manufacturing
Blue Lobster Capital Limited and three related Nova Scotia companies obtained CCAA protection in the Supreme Court of Nova Scotia on December 13, 2024, under court file Hfx. No. 538745. A preliminary creditor list as at December 12, 2024 showed Royal Bank of Canada secured for $3,004,123 against 3284906 Nova Scotia Limited (Spirit Co), $1,180,581 against 3343533 Nova Scotia Limited (Lost Bell), $894,515 against Blue Lobster and $693,143 against 4318682 Nova Scotia Limited. RBC, which also provided a court-approved $300,000 DIP facility, has since been repaid in full, and the Monitor has repaid the Corkum Mortgage over the Dudley Park Lane property and paid Beck Flavors Inc. the $125,000 authorized by the March 23rd Ancillary Order. Two matters remain live: RBC's allocation of $345,000 in Charlottetown Property proceeds to Spirit Co rather than Blue Lobster, before the Court, and the July 8, 2026 Fee Allocation Settlement, under which the BLCL Parties would assume approximately $259,000 of Blue Lobster unsecured claims within 90 days of approval. The proceedings are active.
A claims procedure has been established — see the order for deadlines.
Per the Claims Procedure Order dated October 22, 2025 dated 22 October 2025.
Monitor's Eleventh Report: with the businesses sold and management gone, the remaining work is winding down and marketing the remaining real properties; approximately $884,000 was held at August 22, 2026.
Source: Eleventh Report of the Monitor dated August 28, 2026
Monitor's Ninth Report: the operating companies have ceased business following the Lynch, Coast and Brunswick transactions, all employees have gone, the Beck settlement was paid and the Corkum mortgage repaid, leaving approximately $986,000 at June 13, 2026.
Brief of Authorities of the Monitor dated March 13, 2026 — Application / notice of application
Reported actual total cash of $1,353,368 at March 7, 2026 and professional fees of $64,556 for January 11 to March 7, 2026, $5,467 below the $70,023 forecast.
Reported approximately $1,400,000 on hand at January 10, 2026, total cash of $1,411,266, and disbursements of $641,476 since October 5, 2025, of which professional fees were $272,352 against a $351,547 forecast.
Source: Seventh Report of the Monitor dated January 22, 2026
The court approved the sale of the real property at 2138 Brunswick Street, Halifax to Ashley MacLeod and Danae Harvalias, vesting on delivery of the Monitor's certificate.
Source: Sale Approval and Vesting Order dated November 14, 2025
Put the Brunswick Street sale forward for approval on a $25,000 deposit with the price sealed, reported the Old Post Property transaction did not complete on October 30, 2025, and professional fees of $659,937 from June 8 to November 1, 2025.
Brief of Law of the the Monitor re Claims Procedure Order dated October 16, 2025 — Claims procedure order
Monitor reported approximately $1,900,000 on hand at October 15, 2025, ending actual cash of $1,896,935, with the sale process for the remaining BLCL real properties continuing and distributions expected to exceed 50% of unsecured claims.
Notice of Motion of the Monitor re Claims Procedure Order dated October 15, 2025 — Claims procedure order
Sale Approval and Vesting Order re Coastal Transaction Issued July 17, 2025 — Approval and vesting order
Sale Approval and Vesting Order re Lynch Transaction Issued July 17, 2025 — Approval and vesting order
The officer filed report no. Fourth Report. The Applicants continued to operate their beverage manufacturing businesses in the ordinary course under the Monitor's supervision while the Monitor conducted a SISP that resulted in proposed sale transactions (the Lynch Transaction and Coast Transaction) for the Operating Businesses, with the BLCL real estate holdings still to be marketed and sold separately.
The court approved the sale and investment solicitation process substantially as described in the Monitor's Third Report, run by KSV Restructuring Inc.
The officer filed report no. Third Report. The Companies continue operating their alcoholic beverage manufacturing businesses while pursuing a Court-approved SISP for the Operating Businesses and Real Properties, amid a stay extension request and a dispute with NSLC over renewal of manufacturing permits due to pre-filing amounts owed.
Book of Authorities of the Applicants dated February 27, 2025 — Application / notice of application
Memorandum of Fact & Law of the Applicants dated February 27, 2025 — Application / notice of application
The officer filed report no. Second Report. The Companies, comprising a real estate investment company and alcoholic beverage manufacturers, continue to operate under CCAA protection and are seeking DIP financing of up to $300,000 from RBC to fund operations and restructuring costs through March 8, 2025, while also pursuing a refinancing or sale/investment solicitation process.
Memorandum of Law Law of the Applicants dated January 14, 2025 — Application / notice of application
Notice of Motion of the Applicants dated January 14, 2025 — Application / notice of application
The officer filed report no. First Report. The Companies continue operating their real estate and alcoholic beverage manufacturing/sales businesses while under CCAA protection, but face a projected cash flow deficit in late January 2025 and will need DIP financing to continue operations.
Source: First Report of the Monitor of the Monitor dated December 20, 2024
Amended and Restated Initial Order dated December 20, 2024 — Amended and restated initial order
Book of Authorities of the Applicants dated December 17, 2024 — Application / notice of application
Notice of Motion of the Applicants dated December 17, 2024 — Application / notice of application
Placed Blue Lobster Capital Limited and the numbered companies 3284906, 3343533 and 4318682 Nova Scotia Limited under CCAA protection in the Supreme Court of Nova Scotia.
The four applicants filed their notice of application in chambers dated November 27, 2024 for protection under the Companies' Creditors Arrangement Act, Hfx. No. 538745.
Source: Notice of Application in Chambers dated November 27, 2024
Book of Authorities of the Applicants dated November 27, 2024 — Application / notice of application
Undated filings2 — no date appears on the document · show
Case update
Blue Lobster: the court decides whose debt the repayment paid
Associate Chief Justice Jamieson reserved on August 19 and put two questions about marshalling to counsel; on September 10 she held that a pre-filing repayment out of Blue Lobster Capital's bank account was made for Blue Lobster Capital's benefit and must be allocated to its indebtedness. The order fixes no figure — the monitor has until September 25 to verify one, and the applicants say there were two transfers totalling about $378,000, not the single $345,000 the monitor's report described.
Case update
Blue Lobster: which company did the condominium pay for?
Before the CCAA filing, a Nova Scotia group sold a condominium in Charlottetown and $345,000 went to RBC. The borrower says it should have reduced its own term loans; RBC says applying it to an affiliate's operating line was the price of continued forbearance. The bank has been repaid in full and is not a party to the question — but the answer decides which set of unsecured creditors recovers.
Debtor
Blue Lobster Capital Limited, 3284906 Nova Scotia Limited, 3343533 Nova Scotia Limited and 4318682 Nova Scotia Limited
Monitor
KSV
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Jamieson | Supreme Court of Nova Scotia | 11 orders, Dec 2024 – Aug 2026 | 7 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorKSV | Reconstruct LLP | 13 Dec 2024 | Order · 13 Dec 2024 |
| ApplicantBlue Lobster Capital Limited 3284906 Nova Scotia Limited 3343533 Nova Scotia Limited 4318682 Nova Scotia Limited | Burchell Wickwire Bryson LLP | 20 Dec 2024 | Order · 20 Dec 2024 |
| ApplicantBlue Lobster Capital Limited, 3284906 Nova Scotia Limited, 3343533 Nova Scotia Limited and 4318682 Nova Scotia Limited | Burchell Wickwire Bryson LLP | 13 Dec 2024 | Application · 17 Dec 2024 |
| CreditorAlixPartners Restructuring, Inc | Reconstruct LLP | 10 Aug 2026 | Application · 10 Aug 2026 |
| CreditorBank of Nova Scotia | McInnes Cooper | 13 Dec 2024 | Order · 13 Dec 2024 |
| CreditorChristopher Maclntyre, Recognized Agent | McInnes Cooper | 27 Nov 2024 | Application · 27 Nov 2024 |
| CreditorJames Roue Beverage Company | Stewart McKelvey | 21 Oct 2025 | Service list · 21 Oct 2025 |
| CreditorKevin Alexander Rice Daniel Ronald Allen Tracey Lynn Allen | Patterson Law | 13 Dec 2024 | Order · 13 Dec 2024 |
| CreditorKevin Alexander Rice, Daniel Ronald Allen | Patterson Law | 21 Oct 2025 | Service list · 21 Oct 2025 |
| CreditorRoyal Bank of Canada | Stewart McKelvey | 13 Dec 2024 | Order · 13 Dec 2024 |
| CreditorSAINT-FAMILLE WINES LIMITED | Atlantica Law Group · Michael MacKenzie Atlantica Law Group | 13 Dec 2024 | Application · 31 Aug 2026 |
| CreditorShell Canada Products Limited | Barry Horne Miller Thompson, LLP | 13 Dec 2024 | Order · 13 Dec 2024 |
| CreditorSuzanne Corkum 106 Green park Close, Unit 612 Halifax, NS B3S OA4 | Michael MacKenzie Atlantica Law Group | 14 Jan 2025 | Application · 14 Jan 2025 |
| CreditorTesla Motors ULC | McInnes Cooper | 13 Dec 2024 | Order · 13 Dec 2024 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada · in 584 casesdebtor: 3284906 Nova Scotia Limited · as of 12 Dec 2024 | $3M | Consolidated List of Creditors as at December 12, 2024 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
130 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans7 transactions · 4 closed · 2 not completed · 1 approved — sale process for the remaining BLCL Real Properties continuesSeventh Report of the Monitor dated January 22, 2026 · 22 Jan 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Coast to Coast Marketing Ltd., and James Roue Beverage Company Ltd.the business and assets of the Companies described in the Coast APA · asset sale · nominee/assignee: the Purchaser's assignee, nominee, or designate · agreement 9 May 2025 | Sealed | Closed8 Aug 2025 | Eleventh Report of the Monitor dated August 28,… |
| Shannon Theresa Lynch, on behalf of a nominee corporation to be incorporatedthe business and assets of Spirit Co. and Annapolis Cider · asset sale · nominee/assignee: a corporation to be incorporated · agreement 31 May 2025 | Subscribers | Closed8 Aug 2025 | Sixth Report of the Monitor dated November 3,… |
| referenced as party to the Coast APA, not named in operative text providedthe Transactions · asset sale | not stated | Approved17 Jul 2025 | Ancillary Order Issued July 17, 2025 |
| unnamed buyer whose Old Post Property transaction was terminatedthe Old Post Property · real property | Subscribers | Not completed30 Oct 2025 | Sixth Report of the Monitor dated November 3,… |
| Ashley MacLeod and Danae Harvaliasthe real property known as 2138 Brunswick Street, Halifax, Nova Scotia bearing PID #00149807 · real property · agreement 15 Oct 2025 | Subscribers | Closeddate not stated | Seventh Report of the Monitor dated January 22,… |
| Lynch PurchaserSpirit Co and Annapolis Cider | not stated | Closed8 Aug 2025 | Eleventh Report of the Monitor dated August 28,… |
| purchaser of the Lost Bell Property, not yet identifiedthe Lost Bell Property · real property | Subscribers | Not completed | Eleventh Report of the Monitor dated August 28,… |
Unsecured creditors: a distribution. RBC paid in full · Travelers short.EstimatedFifth Report of the Monitor · 15 Oct 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | secured and unsecured creditors (Rice/Redemption Proposal) | — | paid in full | Under the plansanctionedper the court | Decision of Justice Jamieson · 16 Jul 2025 |
| Secured | RBC | — | paid in full | Finalper the monitor | Tenth Report of the Monitor darted August 10, 2026 · 10 Aug 2026 |
| Secured | Travelers | — | short by | per the debtor | Book of Authorities of the Applicants · 27 Nov 2024 |
| Unsecured | unsecured creditors of the Operating Businesses | — | Estimatedper the monitor | Fifth Report of the Monitor · 15 Oct 2025 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
2 blurred figures above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansCumulative receipts
$8.54K
As at 15 Jun 2026Ninth Report of the Monitor dated June 15, 2026
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Settlement Approval Direction and Ancillary Order dated September 10, 2026 | PDF · Subscribers | |
Stay Extension Order September 10, 2026
| PDF · Subscribers | |
| Brief of Authorities of the Monitor dated September 2, 2026 | PDF · Subscribers | |
Brief of Law of the Monitor dated September 2, 2026
| PDF · Subscribers | |
| Applicants' Supplementary Brief of Law re Marshalling dated September 1, 2026 | PDF · Subscribers | |
Notice of Motion of the Monitor dated August 31, 2026
| PDF · Subscribers | |
Eleventh Report of the Monitor dated August 28, 2026
| PDF · Subscribers | |
| Affidavit of D. O'Keefe dated August 27, 2026 | PDF · Subscribers | |
| Brief of Authorities dated August 26, 2026 | PDF · Subscribers | |
| Brief of Law of the Monitor dated August 26, 2026 | PDF · Subscribers | |
| Amended Affidavit of Alex Rice dated August 18, 2026 | PDF · Subscribers | |
| Affidavit of Alexander Rice dated August 14, 2026 | PDF · Subscribers | |
| Brief of Law dated August 14, 2026 | PDF · Subscribers | |
| Draft Order dated August 14, 2026 | PDF · Subscribers | |
| Brief of Authorities of the Monitor dated August 10, 2026 | PDF · Subscribers | |
Brief of Law of the Monitor dated August 10, 2026
| PDF · Subscribers | |
Notice of Motion of the Monitor dated August 10, 2026
| PDF · Subscribers | |
Settlement Approval, Direction and Ancillary Order dated August 10, 2026
| PDF · Subscribers | |
Tenth Report of the Monitor darted August 10, 2026
| PDF · Subscribers | |
Stay Extension Order granted June 25, 2026
| PDF · Subscribers | |
Ninth Report of the Monitor dated June 15, 2026
| PDF · Subscribers | |
Stay Extension Order dated June 15, 2026
| PDF · Subscribers | |
| Distribution and Ancillary Order dated March 23, 2026 | PDF · Subscribers | |
Brief of Authorities of the Monitor dated March 13, 2026
| PDF · Subscribers | |
Brief of Law of the Monitor re Distribution and Ancillary Relief dated March 13, 2026
| PDF · Subscribers | |
Notice of Motion dated March 13, 2026
| PDF · Subscribers | |
Eighth Report of the Monitor dated March 12, 2026
| PDF · Subscribers | |
Stay Extension Order filed January 27, 2026
| PDF · Subscribers | |
| Brief of Law of the Monitor dated January 22, 2026 | PDF · Subscribers | |
| Notice of Motion of the Monitor dated January 22, 2026 | PDF · Subscribers | |
Seventh Report of the Monitor dated January 22, 2026
| PDF · Subscribers | |
Ancillary Order dated November 14, 2025
| PDF · Subscribers | |
Sale Approval and Vesting Order dated November 14, 2025
| PDF · Subscribers | |
| Brief of the Monitor re Brunswick Property AVO dated November 3, 2025 | PDF · Subscribers | |
| Notice of Motion of the Monitor dated November 3, 2025 | PDF · Subscribers | |
Sixth Report of the Monitor dated November 3, 2025
| PDF · Subscribers | |
| D&O Claim Document Package | PDF · Subscribers | |
| Proof of Claim Document Package | PDF · Subscribers | |
Ancillary Order dated October 22, 2025
| PDF · Subscribers | |
Claims Procedure Order dated October 22, 2025
| PDF · Subscribers | |
Claims Procedure Order dated October 21, 2025
| PDF · Subscribers | |
Service List as at October 21, 2025
| PDF · Subscribers | |
| Brief of Law of the the Monitor re Claims Procedure Order dated October 16, 2025 | PDF · Subscribers | |
Fifth Report of the Monitor dated October 15, 2025
| PDF · Subscribers | |
| Notice of Motion of the Monitor re Claims Procedure Order dated October 15, 2025 | PDF · Subscribers | |
| Court Order re Settlement Issued September 16, 2025 | PDF · Subscribers | |
| Affidavit of A. Stoica sworn September 2, 2025 | PDF · Subscribers | |
Notice of Motion dated September 2, 2025
| PDF · Subscribers | |
Ancillary Order Issued July 17, 2025
| PDF · Subscribers | |
Sale Approval and Vesting Order re Coastal Transaction Issued July 17, 2025
| PDF · Subscribers | |
Sale Approval and Vesting Order re Lynch Transaction Issued July 17, 2025
| PDF · Subscribers | |
Decision of Justice Jamieson dated July 16, 2025
| PDF · Subscribers | |
| Certified Order dated July 11, 2025 | PDF · Subscribers | |
| Affidavit of D. O'Keefe dated July 4, 2025 | PDF · Subscribers | |
| Supplemental Memorandum of Fact and Law date July 4, 2025 | PDF · Subscribers | |
| Affidavit of A. Stoica sworn July 3, 2025 | PDF · Subscribers | |
| Brief of Authorities of KSV Restructuring Inc dated July 3, 2025 | PDF · Subscribers | |
| Reply Memorandum of Law of the Monitor dated July 3, 2025 | PDF · Subscribers | |
| Affidavit of Kevin A. Rice dated July 2, 2025 | PDF · Subscribers | |
| Submissions of RBC dated July 2, 2025 | PDF · Subscribers | |
| Affidavit of M. Chiasson sworn June 30, 2025 | PDF · Subscribers | |
| Affidavit of S. Lynch dated June 30, 2025 | PDF · Subscribers | |
| Pre-Hearing Memo issued June 30, 2025 | PDF · Subscribers | |
| Rebuttal Submission of the Applicants dated June 30, 2025 | PDF · Subscribers | |
| Affidavit of Alina Stoica dated June 25, 2025 | PDF · Subscribers | |
| Supplemental Affidavit of Gavin MacDonald dated June 25, 2025 | PDF · Subscribers | |
| Justice Jamieson Letter to counsel dated June 24, 2025 | PDF · Subscribers | |
Memorandum of Law of the Monitor dated June 24, 2025
| PDF · Subscribers | |
| Affidavit of Gavin Macdonald dated June 23, 2025 | PDF · Subscribers | |
BLCL CCAA Termination Memorandum dated June 23, 2025
| PDF · Subscribers | |
| Notice of Motion dated June 23, 2025 | PDF · Subscribers | |
Supplement to the Fourth Report of the Monitor dated June 23, 2025
| PDF · Subscribers | |
Fourth Report of the Monitor dated June 17, 2025
| PDF · Subscribers | |
Notice of Motion of the Monitor dated June 17, 2025
| PDF · Subscribers | |
Order SISP and Stay Extension dated March 7 2025
| PDF · Subscribers | |
Third Report of the Monitor dated February 28, 2025
| PDF · Subscribers | |
| Affidavit of Kevin Alexander Rice sworn February 27, 2025 | PDF · Subscribers | |
| Book of Authorities of the Applicants dated February 27, 2025 | PDF · Subscribers | |
| Draft Order (SISP and Stay Extension) dated February 27, 2025 | PDF · Subscribers | |
| Memorandum of Fact & Law of the Applicants dated February 27, 2025 | PDF · Subscribers | |
| Notice of Motion dated February 27, 2025 | PDF · Subscribers | |
| Charging Order issued January 21, 2025 | PDF · Subscribers | |
Second Report of the Monitor dated January 16, 2025
| PDF · Subscribers | |
Memorandum of Law Law of the Applicants dated January 14, 2025
| PDF · Subscribers | |
| Notice of Motion of the Applicants dated January 14, 2025 | PDF · Subscribers | |
Amended and Restated Initial Order dated December 20, 2024
| PDF · Subscribers | |
First Report of the Monitor of the Monitor dated December 20, 2024
| PDF · Subscribers | |
CCAA Notice to Creditors dated December 18, 2024
| PDF · Subscribers | |
| Affidavit of Kevin Alexander Rice sworn December 17, 2024 | PDF · Subscribers | |
| Book of Authorities of the Applicants dated December 17, 2024 | PDF · Subscribers | |
| Memorandum of Fact and Law of the Applicants dated December 17, 2024 | PDF · Subscribers | |
Notice of Motion of the Applicants dated December 17, 2024
| PDF · Subscribers | |
Blue - Non-Disclosure Agreement
| PDF · Subscribers | |
Initial Order dated December 13, 2024
| PDF · Subscribers | |
Consolidated List of Creditors as at December 12, 2024
| PDF · Subscribers | |
| Supplement to Pre-Filing Report of KSV Restructuring Inc. as Proposed Monitor dated December 11, 2024 | PDF · Subscribers | |
| Affidavit of Kevin Alexander Rice dated November 27, 2024 | PDF · Subscribers | |
| Affidavit of Marc Dunning dated November 27, 2024 | PDF · Subscribers | |
| Affidavit of Paul E. Radford, K.C. sworn November 27, 2024 | PDF · Subscribers | |
Book of Authorities of the Applicants dated November 27, 2024
| PDF · Subscribers | |
| Memorandum of Fact and Law of the Applicants dated November 27, 2024 | PDF · Subscribers | |
Notice of Application in Chambers dated November 27, 2024
| PDF · Subscribers | |
| Pre-Filing Report of KSV Restructuring Inc. as Proposed Monitor dated November 27, 2024 | PDF · Subscribers | |
Blue - Teaser
| PDF · Subscribers | |
| Contact Information | PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Blue Lobster Capital Limited, 3284906 Nova Scotia Limited, 3343533 Nova Scotia Limited and 4318682 Nova Scotia Limited” (CCAA), Supreme Court of Nova Scotia. Retrieved 4 November 2026, https://proceedings.ca/case/blue-lobster-capital-limited-3284906-nova-scotia-limited-333533-nova-scotia-limi